Cheaper 2012 Lexus IS 350 Insurance Cost

Want cheaper insurance coverage rates for your Lexus IS 350? Finding affordable insurance might sound like a lofty goal if you are one of the many people who have never used online insurance coverage quotes. Don’t worry though because finding affordable coverage online is easier than you think.

If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using these methods. The purpose of this post is to tell you how to get online quotes and some tips to save money. But vehicle owners must learn how the larger insurance companies market insurance on the web and apply this information to your search.

Informed consumers save on insurance

It’s important that you understand some of the elements that play a part in calculating the rates you pay for insurance. When you understand what influences your rates, this allows you to make educated decisions that will entitle you to lower insurance prices. Many factors are considered when pricing auto insurance. Most are fairly basic such as your driving record, although some other factors are not as apparent like where you live or your vehicle rating.

  • Costs for men may be higher – Statistics demonstrate females are less aggressive when driving. That doesn’t necessarily mean that females are better at driving than males. Both sexes cause accidents in similar numbers, but men get into accidents with more damage. They also get higher numbers of serious violations like driving under the influence (DUI).
  • Getting married equates to better premiums – Walking down the aisle actually saves money on your insurance bill. It may mean you are more mature and insurance companies reward insureds because married drivers get in fewer accidents.
  • Use but don’t abuse your insurance – If you are a frequent claim filer, don’t be surprised to see either a policy non-renewal or much higher rates. Insurance companies award the best rates to drivers who do not file claims often. Insurance coverage is intended for major claims that would cause financial hardship.
  • Raise deductibles and save – Protection for physical damage, aka comp and collision, protects your Lexus from damage. Some instances where coverage would apply would be running into the backend of another car, damage caused by hail, and burglary. The deductibles define the amount you are willing to pay out-of-pocket if the claim is covered. The more expense the insured has to pay upfront, the bigger discount you will receive for IS 350 insurance.
  • Job and insurance rates – Occupational choices like judgespolice officers and miners generally pay higher premiums than the average policyholder because of high stress levels and extremely grueling work hours. Other careers such as professors, athletes and homemakers have lower than average premiums for IS 350 insurance.
  • Cheaper rates using theft deterrents – Owning a car with anti-theft technology or alarm system can save you some money. Theft deterrent systems like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent vehicle theft.

Cheaper rates with these insurance discounts

Properly insuring your vehicles can get expensive, but you might be missing out on some discounts to help offset the cost. A few discounts will automatically apply when you quote, but occassionally some discounts must be specifically requested before being credited.

  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of paying each month you can actually save on your bill.
  • College Student Discount – Children who live away from home at college without a vehicle on campus may qualify for this discount.
  • Telematics Devices – Insureds who allow driving data collection to spy on their driving habits through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot could see a rate decrease as long as the data is positive.
  • Paper-free Discount – Some larger companies will give a small break for signing up on their website.
  • Student Discount for Driver Training – It’s a good idea to have your young drivers enroll and complete driver’s education in school.
  • No Accidents – Drivers who don’t have accidents pay much less in comparison with policyholders that have many claims.
  • ABS Braking Discount – Cars and trucks with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
  • Discounts for Government Workers – Having worked for a branch of the government could qualify for a slight premium decrease for IS 350 insurance with certain companies.

A little disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. Some only reduce specific coverage prices like liability and collision coverage. So when the math indicates you would end up receiving a 100% discount, it doesn’t quite work that way. But all discounts will lower the amount you have to pay.

Popular insurance companies and a partial list of their discounts are outlined below.

  • Geico policyholders can earn discounts including anti-theft, daytime running lights, seat belt use, membership and employees, anti-lock brakes, and defensive driver.
  • MetLife has savings for good student, defensive driver, claim-free, good driver, accident-free, multi-policy
  • Progressive discounts include multi-policy, online signing, multi-vehicle, continuous coverage, and homeowner.
  • Travelers offers premium reductions for new car, payment discounts, save driver, continuous insurance, driver training, IntelliDrive, and home ownership.
  • SAFECO offers discounts for multi-car, teen safe driver, bundle discounts, accident prevention training, and homeowner.
  • AAA may include discounts for education and occupation, pay-in-full, multi-policy, AAA membership discount, and good student.

Before you buy a policy, ask all companies you are considering to apply every possible discount. Discounts might not be offered on policies in your area. If you would like to see a list of insurance companies with discount rates, follow this link.

Insurance coverage can get complicated

When it comes to buying coverage, there is no perfect coverage plan. Everyone’s needs are different.

For instance, these questions may help you determine if your insurance needs will benefit from professional help.

  • How can I get my company to pay me more for my totalled car?
  • Is my ex-spouse still covered by my policy?
  • Can my babysitter drive my car?
  • Is rental equipment covered for theft or damage?
  • Will my rates increase for filing one claim?
  • Why am I required to buy high-risk coverage?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. To find an agent in your area, complete this form.

Car insurance policy specifics

Having a good grasp of a car insurance policy aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as rock chips in glass, damage from getting keyed, falling objects, vandalism and damage from flooding. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision coverage protection

Collision coverage covers damage to your IS 350 caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things like colliding with another moving vehicle, crashing into a building, crashing into a ditch and scraping a guard rail. This coverage can be expensive, so consider removing coverage from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for bills for things like ambulance fees, chiropractic care and prosthetic devices. They are often utilized in addition to your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible

Auto liability

This provides protection from injuries or damage you cause to other people or property by causing an accident. It protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability can pay for claims like legal defense fees, funeral expenses, court costs, structural damage and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but consider buying higher limits if possible.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Lexus IS 350.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

A penny saved is a penny earned

Throughout this article, we presented a lot of tips how to save on 2012 Lexus IS 350 insurance. It’s most important to understand that the more quotes you get, the higher your chance of finding low cost insurance. Consumers could even find that the best premium rates are with the least-expected company.

When searching for cheaper insurance quotes, it’s a bad idea to skimp on coverage in order to save money. Too many times, consumers will sacrifice liability coverage limits to discover at claim time that the few dollars in savings costed them thousands. Your aim should be to get the best coverage possible at an affordable rate while still protecting your assets.

People switch companies for any number of reasons including lack of trust in their agent, delays in paying claims, policy cancellation and even an unsatisfactory settlement offer. It doesn’t matter what your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.

More tips and info about insurance coverage is available at these sites: